China also wants to develop Bitcoin strategic reservesUnfortunately, the credibility of this rumor is ≤ 1% Benzinga itself is a second tier media outlet Benzinga Crypto is another column under the jurisdiction of this media And then the information it cites comes from @ DavidFBailey David is a very good Bitcoin advocate/evangelist; But he is not a good source of insider information. I looked at the original tweet and found that the opening sentence was entirely based on my imagination He's right, it's true. I've also heard of some so-called closed door meetings. But! Closed door meeting ≠ Leader's agreement ≠ ≠ Leader's agreement. Those familiar with the operation of ZZ in China know that there is a characteristic of mainland China: What comes out of the United States needs to be studied; But what the United States is doing should not be followed. Even if we hold a hundred closed door meetings, it's just for research. You need to recognize the current reality: 1. Regulatory conflict: There are no signs of lifting the ban on cryptocurrencies so far. 2. Foreign exchange issues: foreign exchange control issues. 3. Contradiction in Action: The relevant departments have sold a large amount of paid up Bitcoin (in the order of 200000 BTC) in the past 1-2 years, which contradicts their motivation to establish reserves. If we take a step back, even if there is really China SBR, at least you will see clues in Hong Kong, such as allowing Hong Kong to establish a micro reserve first. This kind of news deceives foolish foreigners, so forget it Don't believe it ourselves At least by 2025, the likelihood is very low.